Decline in Brazil’s body and trailer market in 2014 hints at a new normal

2014 data for the Brazilian truck industry demonstrates the current parlous state of the industry in the world’s seventh largest economy. Despite an estimated US$11.6bn investment in order to host the 2014 World Cup, and an infrastructure budget of US$12bn for the 2016 Olympic Games, Brazil’s commercial vehicle market remains depressed, and new, far more onerous terms for FINAME PSI financing look certain to add further pressure to an industry already on the back foot.